Zodiac Energy Limited announced under Regulation 30 of SEBI (LODR) Regulations, 2015, that it has acquired a 98% major ownership stake in eight separate Limited Liability Partnerships (LLPs) through direct capital contributions, making them subsidiaries of the company. These entities include Girdhari Solar Projects LLP, Parvati Solar Projects LLP, Indranuj Solar Projects LLP, Ridhika Solar Projects LLP, Maatangi Solar Projects LLP, Krishnapriya Solar Projects LLP, Narayani Solar Projects LLP, and Sumitra Solar Projects LLP. The total acquisition cost for each LLP was Rs. 19,600, representing a 98% share of their respective Rs. 20,000 total capital.

The acquired LLPs are primarily set up to develop solar power plants, generate electricity through solar energy, and sell solar power. Incorporated between November 2020 and January 2021, all eight LLPs have reported a nil turnover for the last three financial years, including FY 2025-26. This strategic move represents a related party transaction conducted on an arm’s length basis, as promoters hold interests in the target entities. The acquisitions require no external governmental or regulatory approvals and were completed using cash consideration.

Zodiac Energy Limited is an established player in India’s energy sector, specializing in solar power plant development, rooftop solutions, and institutional solar installations. During 2025, the company reinforced its market standing by securing multiple high-value institutional orders and expanding its execution capabilities across various states. Prominent institutional investors maintain significant holdings in the company, reflecting steady confidence in its business model. The company continues to actively leverage favorable government policies supporting renewable energy adoption to drive order inflows and project executions.

For the latest quarterly financial results announced in 2025, Zodiac Energy reported steady growth in operational revenue and net profitability, driven by higher execution volume in solar PV projects. The company posted robust year-on-year revenue expansion alongside improved net margins. Prominent stakeholders and institutional investors hold a dominant share of approximately 70% in the company’s total equity framework, providing strong financial backing for its ongoing strategic expansions.